61
61
Dec 8, 2013
12/13
by
CSPAN
tv
eye 61
favorite 0
quote 0
don't pay federal income taxes? they don't get any tax benefit. >> i think you're right that there are a lot of people who would want to weigh in on that question. what i can contribute is there is something called the savers credit. the savers credit is targeted to households, i believe the cutoff is $50,000. it's original policy design, as i understand it, and it's designed to be a refundable credit. so for people who do not have a tax liability, they could still receive some sort of incentive to save money. somewhere through the political process, the refundability fell out. i mention it, because i think it provides a template for what might be what you're suggesting, which is a set of policies that provide a clear incentive for working households to accumulate money. doing it in the context of the tax code has a lot of benefits and back to my schematic here of a national tax time savings infrastructure, if you sprinkle in an incentive on top of that set of pipes and plumbing, you really have a recipe for turbo c
don't pay federal income taxes? they don't get any tax benefit. >> i think you're right that there are a lot of people who would want to weigh in on that question. what i can contribute is there is something called the savers credit. the savers credit is targeted to households, i believe the cutoff is $50,000. it's original policy design, as i understand it, and it's designed to be a refundable credit. so for people who do not have a tax liability, they could still receive some sort of...
71
71
Dec 9, 2013
12/13
by
CSPAN
tv
eye 71
favorite 0
quote 0
negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid. republicans are not willing to do any tax hikes. ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they are trying to get something that was possible. we are not even going to go there this time. host: talking with ian swanson of "the hill." even if there is a agreement made this week, there will be a budget battle for 2014. caller: one thing this he'll will not do is raise the debt ceiling. at some point next year they are going to have to do that. it is a little difficult to foreca
negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid....
91
91
Dec 6, 2013
12/13
by
CSPAN
tv
eye 91
favorite 0
quote 0
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help pairs control their children's future and their education, it have morecreators jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. the bailouts,the excessive taxation, it has not worked. it does not work. we will try a new approach bridge -- approach. you can meet your new challenges ityou rebuild your cities, will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] [captions copyright national cable satellite corp. 2013] [captioning pe
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help pairs control...
73
73
Dec 7, 2013
12/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
do you file separate tax returns? >> yes. >> are you allowed, since you have a loss on your large tech business and your small software business versus your restaurant -- can you write that loss off against your restaurant? >> no, they are separate. >> what happened to business aggregation? , there is a significant administrative burden comes -- burden that comes with operating both entities. tothe policy would be able provide the health care. would be able to horseshoe the ability to provide health care. we just heard comment that there small businesses are not hiring as a result of the implementation of the president's affordable health jobsact, no affect on hired. is that your experience? >> no, it is not. >> would anyone else like to comment? >> no, it is not. i see it in small and large businesses. >> businesses are not hiring because of the affordable care act? >> i believe it is draining resources from the companies that would be otherwise going to grow the business. >> very interesting. we are dealing with the
do you file separate tax returns? >> yes. >> are you allowed, since you have a loss on your large tech business and your small software business versus your restaurant -- can you write that loss off against your restaurant? >> no, they are separate. >> what happened to business aggregation? , there is a significant administrative burden comes -- burden that comes with operating both entities. tothe policy would be able provide the health care. would be able to horseshoe...
154
154
Dec 3, 2013
12/13
by
CSPAN
tv
eye 154
favorite 0
quote 0
billion by reducing the tax gap through better enforcement of the i.r.s. code. those are specifics. they may be unpopular but at least they're specific. in stark contrast to go find $5.7 trillion unspecified that the republican budget included. the revenue enhancements provided in the c.b.c. budget would allow congress to totally cancel the sequester and pass a jobs package of at least $500 billion, at 50,000 each that's over 10 million jobs that could be created in one year with a jobs bill of that magnitude, almost enough to hire everybody drawing unemployment today. provide an additional $300 billion in long-term investments in our economy and education, job training, health care and advanced science and research. as i said earlier the reforms contained in the c.b.c. budget would reduce the deficit $2. trillion over the next decade compared to c.b.o.'s baseline that would put our nation on a strong, sustainable path. all without jeopardizing programs that support our seniors and programs that educate the next generation of leaders in business, science a
billion by reducing the tax gap through better enforcement of the i.r.s. code. those are specifics. they may be unpopular but at least they're specific. in stark contrast to go find $5.7 trillion unspecified that the republican budget included. the revenue enhancements provided in the c.b.c. budget would allow congress to totally cancel the sequester and pass a jobs package of at least $500 billion, at 50,000 each that's over 10 million jobs that could be created in one year with a jobs bill of...
110
110
Dec 10, 2013
12/13
by
CSPAN
tv
eye 110
favorite 0
quote 0
to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals can avoid taxes with loopholes and schemes. all of that should end. part of the responsibility is to help pay for the nation in a fair and appropriate way. we have a huge public campaign finance reform. we have secret money in terms of hundreds of billions of dollars. it is clearly corrupting the process. the supreme court's decision made it difficult to pass any ind of legislation except t so that disclosure people know what to expect. the internal revenue service is looking at it regulation that is being abused and this is the 501c4 regulation
to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals...
83
83
Dec 9, 2013
12/13
by
CSPAN
tv
eye 83
favorite 0
quote 0
they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. host: like can't there right now? caller: --host: why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible after all these failed budget agreements in the past
they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to...
75
75
Dec 5, 2013
12/13
by
CSPAN
tv
eye 75
favorite 0
quote 0
k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise should take in. other than defense, there is waste and inefficiencies in a wide range of domestic spending programs. i am willing to take a look at almost everything. i think the demonization of social security and medicaid are inappropriate. they are not responsible for the deficit problem we have right now. ronald reagan in a debate with walter mondo and clear social security has nothing to do with the deficit. it was true then and it is true now. att in plano, texas. caller: thank you for taking my call. food stamps is not one of the areas that needs to be cut. it
k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise...
729
729
Dec 10, 2013
12/13
by
CSPAN
tv
eye 729
favorite 0
quote 0
number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends all have as a major complaint. it's not discerning about the details. that's a really big disparity. a lot of us feel disenfranchised by the democrats because it's so sad to see the minority has ruled them instead of the majority of us who put them in place. so this is a really good thing for us. we're waiting for a few years. we kind of jumped off the democrat, went to independent, but there won't be an independent in the running it. will either be democrat or republican. so we're going to wait the next few years to see if they finish what they started,
number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends...
106
106
Dec 8, 2013
12/13
by
CSPAN
tv
eye 106
favorite 0
quote 0
and then taxed again and just pray that my tenacity would get me there. the anxiety level, i can't even explain to you the insomnia, the tears, the mood swings, the ups, the downs. it ranks with me as one of the five most tragic things to have ever happened in my life. what it does to you emotionally and psychologically, you feel like hester prenn with the letter "a" when you're jobless very long. you soon become a member of the lost world. people look at you when you don't have a job yet like there's something wrong with you. that's where i would have been. >> thank you. >> i have no questions, but i would like to let you all know that for a period of about three months, i was unemployed -- this was back many years ago. it was really during, between school -- it was summer break. i'm used to working and i could not find a job that summer, the whole summer. i can't tell you how -- i can tell you but i'm sure your feelings about being unemployed and searching for work and being unable to find anything, the effect that has on you mentally is just very -- yo
and then taxed again and just pray that my tenacity would get me there. the anxiety level, i can't even explain to you the insomnia, the tears, the mood swings, the ups, the downs. it ranks with me as one of the five most tragic things to have ever happened in my life. what it does to you emotionally and psychologically, you feel like hester prenn with the letter "a" when you're jobless very long. you soon become a member of the lost world. people look at you when you don't have a job...
96
96
Dec 9, 2013
12/13
by
CSPAN
tv
eye 96
favorite 0
quote 0
are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014. what does that look like? will: one thing this deal not do is it will not raise the debt ceiling. at some point exterior they will have to do that. it is a legal -- little difficult to forecast when it will be, in part because the economy is starting to behave more strongly and as a result that extends the time in which the treasury department can do things. they call them extraordinary measures, to prevent hungers from having to raise the debt ceiling. at some point in time congress will have to do that. the earliest is february, but much more likely that it is sometime close t
are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014....
138
138
Dec 4, 2013
12/13
by
CSPAN
tv
eye 138
favorite 0
quote 0
people who are here -- this is a tax. he cannot change tax laws. i wish she would bring that truck driver agreement and when he signed it into law and throughat up immigration and stuff like that. give the american people a voice. the house judiciary committee held a hearing recovered -- we about the president and executive power, republicans siding that he change the health power andy executive that he has done the same on other issues. that,'re interested in you can go to our website c- span.org and you can see it there. we covered that hearing yesterday. that policyying differences don't constitute a constitutional crisis. that was their opinion of yesterday's hearing. in ohio.to ed republican. caller: good morning. of course people should be fired. from the head of the fish to the bottom. there is a pattern in this whole administration. it is nonstop. denial, denial, deny -- they are --yal to ridiculously that would be the last person he would fire. people keep forgetting all of these little things they slipped in. he is very bright. he came in
people who are here -- this is a tax. he cannot change tax laws. i wish she would bring that truck driver agreement and when he signed it into law and throughat up immigration and stuff like that. give the american people a voice. the house judiciary committee held a hearing recovered -- we about the president and executive power, republicans siding that he change the health power andy executive that he has done the same on other issues. that,'re interested in you can go to our website c-...
493
493
Dec 3, 2013
12/13
by
CSPAN
tv
eye 493
favorite 0
quote 0
tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in america agenda is available to us today. that agenda is a trade policy that protects american industry. not a free trade that gives it away, but a fair trade policy that protects american industry , a tax policy that encourages economic growth here in the united states. that rewards corporations for bringing it home and ends tax breaks for corporations that ship the jobs offshore. an energy policy that utilizes the great energy capacity of this nation, everything from conservation and wind and solar and indeed the petroleum produc
tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in...
714
714
Dec 5, 2013
12/13
by
CSPAN
tv
eye 714
favorite 0
quote 1
immigrants contribute to our economy through taxes, state and local taxes paid in 2010 alone by households headed by undocumented immigrants was over $11 billion. and this is according to the institute for taxation and economic policy. undocumented immigrants contributed as much as $ billion in payroll taxes to the social security program in 2010. but only took $1 billion in benefits. creating a net positive effect on our social security system. to benefit americans. and this is according to the social security administration. despite their contributions, immigrants face exploitation and significant barriers to advancement. and again, that's not the america we should feel proud of. we have an opportunity to pass comprehensive immigration reform in this great country on this floor. all we need is the opportunity to put a bill up for a vote. and i believe that the majority of members of this house will do the righteous thing, the right thing, and welcome those immigrants and integrate them into our system and we will see the economy of the united states of america flourish once again like we
immigrants contribute to our economy through taxes, state and local taxes paid in 2010 alone by households headed by undocumented immigrants was over $11 billion. and this is according to the institute for taxation and economic policy. undocumented immigrants contributed as much as $ billion in payroll taxes to the social security program in 2010. but only took $1 billion in benefits. creating a net positive effect on our social security system. to benefit americans. and this is according to...
109
109
Dec 7, 2013
12/13
by
CSPAN
tv
eye 109
favorite 0
quote 0
we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an hour. people say if you raise minimum wage, the influence will go up. everything else is already going up except minimum wage. years taken almost four to get it to seven dollars $.25. i am 61 years old, i am retired, and i have four kids. i have kids working for memo wage. they got student loans to pay back. journal"ll street talking about unemployment benefits in several stories, set to expire on september 28. several democrats are pushing for a vote to extend the benefits. house democrats propose renewing the program for
we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an...
76
76
Dec 3, 2013
12/13
by
CSPAN
tv
eye 76
favorite 0
quote 0
that is something that congress is currently weighing is whether to tax financial transactions. it does not have a lot of support, so i do not see that happening anytime soon. europe is a little bit different, they have actually imposed some trading taxes, which has been to the chagrin of the banks. host: peter, on the republican line/ . caller: let's get the history state on what happened during the financial crisis. during the 1990s there was a lot of pressure by the minority groups to increase the amount of affordable housing. so the clinton administration developed the public private partnership to get banks to create more loads for low income people. that calls --was caused a mandate on fannie and freddie to purchase subprime mortgages. they had increased the mandate 110% to 55% of her juices of sub i mortgages. -- purchases of subprime mortgages. he continued that public-private partnership that clinton had , upblished the which after to 2007 and 2008, the number of those mortgages were so great that caused the financial collapse. the government gave the green light to wal
that is something that congress is currently weighing is whether to tax financial transactions. it does not have a lot of support, so i do not see that happening anytime soon. europe is a little bit different, they have actually imposed some trading taxes, which has been to the chagrin of the banks. host: peter, on the republican line/ . caller: let's get the history state on what happened during the financial crisis. during the 1990s there was a lot of pressure by the minority groups to...
73
73
Dec 2, 2013
12/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
but really, we pay for that and terms of higher costs for health care services and higher tax dollars should we pay for those uninsured people when they need health care services, which everybody does at some point in time to the idea behind this economically is that we are going to get everybody in this pool, everybody by in, and that will redistribute all the costs across much bigger pool of people and that is going to help people find savings. they will go to the doctor earlier. they will end up in the emergency room because they will get preventive care. they will see a doctor to treat her condition and treated when it is cheaper. that is the idea that the when theytion had said it would lower costs but it will be over time in over a very long period of time. host: i want to turn to the subject that is given the white house a lot of grief. "if you like your health care plan, you will be able to keep your health care plan," and the cancellation of plans in recent months. i went to get the latest on the president's efforts to reinstate the health care plans that were canceled. where
but really, we pay for that and terms of higher costs for health care services and higher tax dollars should we pay for those uninsured people when they need health care services, which everybody does at some point in time to the idea behind this economically is that we are going to get everybody in this pool, everybody by in, and that will redistribute all the costs across much bigger pool of people and that is going to help people find savings. they will go to the doctor earlier. they will...
80
80
Dec 8, 2013
12/13
by
CSPAN
tv
eye 80
favorite 0
quote 0
we still have to pay federal income tax on that. they say these people will stay on unemployment and not look for work. unemployment does not pay that much. it is not like you are collecting $1000 a week. it is only like $371 a week with sequestration. it is a good thing my wife works full time. for long-term unemployment, it is not much. unemployment does not last long. i would like your guest to comment on that. guest: there is no doubt unemployment does not replace the income of the job. i think it does speak to the fact that american families are having to readjust their lifestyle and get by with less. when they do take a job, taking $20 an hourom a job. hopefully unemployment gives them time to find the best job for their families. ideologically on the other side, some people say there would be a sense of urgency when benefits run out. host: let me go through the breakdown of the numbers based on gender and race. the overall unemployment rate for white males is 6.7%. teenagers, nearly 21%. whites overall at 6.2%. atican-america
we still have to pay federal income tax on that. they say these people will stay on unemployment and not look for work. unemployment does not pay that much. it is not like you are collecting $1000 a week. it is only like $371 a week with sequestration. it is a good thing my wife works full time. for long-term unemployment, it is not much. unemployment does not last long. i would like your guest to comment on that. guest: there is no doubt unemployment does not replace the income of the job. i...
204
204
Dec 5, 2013
12/13
by
CSPAN
tv
eye 204
favorite 0
quote 1
trade adjustment assistance and tax extenders have been referenced. hopefully we could do all of those. of course, we have a very short period of time left to do that. let me ask the majority leader, given that short time, does the majority leader have a high degree of confidence that in fact he will be seeking to follow the calendar that's been set out by the majority leader to end this first session of this congress indeed on the scheduled date of december 13, and i yield to my friend? mr. cantor: i thank the gentleman for the recitation of his desired wish list for what he'd like to see on the floor. i'd like to remind the gentleman, mr. speaker, this house has passed well over 140 if not 150 bills very much focused on job creation, very much focused on trying to make sure that we address the needs of those who are most vulnerable right now, trying to make sure that we can sustain the safety net while equipping those that are without the tools necessary to get up on that ladder of success. unfortunately, mr. speaker, the senate has just refused to
trade adjustment assistance and tax extenders have been referenced. hopefully we could do all of those. of course, we have a very short period of time left to do that. let me ask the majority leader, given that short time, does the majority leader have a high degree of confidence that in fact he will be seeking to follow the calendar that's been set out by the majority leader to end this first session of this congress indeed on the scheduled date of december 13, and i yield to my friend? mr....